The local currency settled flat at 83.97 against the US Dollar on Tuesday.
Source: Cogencis
Market breadth was skewed in favour of sellers. Around 2,657 stocks declined, 1,282 stocks rose, and 87 stocks remained unchanged on BSE.
Nifty, Sensex close lower in the second session; log worst session since August 5
Nifty ends 0.85% or 208 points lower at 24139.00
Sensex ends 0.87% or 692.89 points lower at 78956.03
Broader indices also ended lower; Nifty Midcap 100 ended 0.8% down and Nifty Smallcap 250 fell 1.23%
All sectoral indices closed lower except Nifty IT, which ended flat; Nifty Financial Services was the top loser
Titan Company and Apollo Hospitals were top Nifty gainers
HDFC Bank and BPCL were top losers among Nifty stocks
Net profit up 32.7% at Rs 308 crore vs Rs 232 crore
Revenue up 11.8% at Rs 1,120 crore vs Rs 1,002 crore
EBITDA up 9.3% at Rs 375 crore vs Rs 343 crore
Margin at 33.5% vs 34.2%
Net profit up 2.9% at Rs 159 crore vs Rs 154 crore
Revenue up 4.9% at Rs 1,206 crore vs Rs 1,150 crore
EBITDA down 6.9% at Rs 194 crore vs Rs 208 crore
Margin at 16.1% vs 18.1%
Revenue up 29% at Rs 28,868 crore vs Rs 22,462 crore
EBITDA up 44% at Rs 2,775 crore vs Rs 1,925 crore
EBITDA margin at 9.6% vs 8.6%
Net profit up 69% at Rs 1,097 crore vs Rs 648 crore
Aluminum upstream segment Ebitda up 80% YoY at Rs 3493 crore, up 80% YoY from Rs 1935 crore
Upstream Ebitda margins stood at 40%, supported by lower costs
Aluminum downstream segment's Ebitda per tonne down 32% YoY at $138 per tonne
Sales of downstream aluminium up 18% YoY at 96 kilo- tonne
Ebitda for copper business up 52% YoY at Rs 805 crore
Growth in copper business on higher average copper prices, robust operations
Quarterly Copper metal sales 119 kilo tonne
Revenue down 2.7% at Rs 1,176 crore vs Rs 1,209 crore
Net profit down 46.3% at Rs 108 crore vs Rs 201 crore
EBITDA down 24.7% at Rs 262 crore vs Rs 348 crore
Margin at 22.3% vs 28.8%
Cuts stake in Voltas by 2.1% to 4.75% between June and August, 2024
Source: Exchange filing
Net profit at Rs 641 crore vs Rs 291 crore
Revenue down 5.73% at Rs 4,248 crore vs Rs 4,506 crore
EBITDA up 38.2% at Rs 334 crore vs Rs 242 crore
Margin at 7.9% vs 5.4%
In terms of profitability, there will not be much differences as it will be for cash flow.
So, if the ethanol prices go up, the cash will flow from oil to sugar companies, and they will pay the farmers better.
It's high time for a price announcement because cost of production is going up as government has been tweaking the minimum support price.
They should make it normal that when they raise cane prices, they hike ethanol prices as well.
Source: M. Manickam, chairman and managing director, Shakti Sugars
Net profit at Rs 140 crore vs Rs 12.3 crore
Revenue up 7.3% at Rs 3,134 crore vs Rs 2,921 crore
EBITDA up 21.4% at Rs 478 crore vs Rs 2,921 crore
Margin at 15.2% vs 13.5%
Net profit up 21.3% at Rs 199 crore vs Rs 164 crore
Revenue up 32% at Rs 2,093 crore vs Rs 1,585 crore
EBITDA up 27.6% at Rs 393 crore vs Rs 308 crore
Margin at 18.8% vs 19.4%
Nifty, Sensex Fall As HDFC Bank, Tata Motors, Grasim Weigh: Midday Market Update
Completes acquisition of 50.1% stake in Ismartu India for Rs 276 crore
Source: Exchange Filing
The world is undergoing a regime change
India's positioning in world has never been better
We have to grow up and act like we are one of the largest economies in the world
Indian forex reserves are now 15% of our GDP
If we do not act, we will end up importing inflation
India's equity market cap is at 150% of the country's GDP
Favorable policies can lead to a deluge of money into Indian markets
Foreign investors are waiting for a price or time correction to come in
A super majority in the parliament would have led to swifter decisions
The terminal value and longevity of India has improved
The premise of Indian growth is stable and sustainable is correct
Current foreign ownership is 54%
Upward revision of HDFC Bank’s foreign inclusion factor
Further upward revision of HDFC Bank's factor from 0.75 to 1
Revision in Nov only if foreign ownership below 59.2%
Increase in factor to cause incremental inflow of $2-2.5 billion
Share buyback to open on August 14, close on August 21
Source: Exchange Filing
To set up new plant at Dammam, Saudi Arabia with project cost of Rs 600 crore
Plant to include line pipe manufacturing & coating facility, to cater Saudi Arabia’s growing demand
Source: Exchange Filing
Gets US FDA final approval for ANDA of Dabigatran Etexilate capsules
Dabigatran Etexilate capsules are a generic of Pradaxa capsules and are indicated for prophylaxis of deep vein thrombosis and pulmonary embolism following hip replacement surgery.
Source: Exchange Filing
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To consider acquiring stake in Ariba Foods on Aug 23
Source: Exchange Filing
Lists at Rs 230 on BSE vs issue price of Rs 108
Lists at a premium of 112.96% on BSE
Lists at Rs 235 on NSE vs issue price of Rs 108
Lists at a premium of 117.59% on NSE
Lists at Rs 651 on NSE vs issue price of Rs 465
Lists at a premium of 40% on NSE
Lists at Rs 625 on BSE vs issue price of Rs 465
Lists at a premium of 34.4% on BSE
Source: Exchanges
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At pre-open, the Nifty was flat at 24342.35 and the Sensex was at 79552.51, down 0.12% or 96.41 points.
Price target of Rs 2,000, implying 38% upside
Reported 63% CAGR in pre-sales over FY21-24
Expect to clock pre-sales CAGR of 35% over FY24-27
Strong around 30 million square feet project pipeline to be launched in next two years
Expect cumulative operating cash flow of Rs 9,500 crore over FY25-27 leaves ample room for growth
Believes valuations yet to capture future growth potential
Maintains 'buy', raises target to Rs 420 implying 26% upside
Ministry of Petroleum and Natural Gas approves 20% premium price for domestic gas from new wells
Premium pricing to apply to 14/21/28% of ONGC’s volumes in FY25/26/27
New pricing increases FY26/27 EPS estimates by 2-3%
Revises FY26/27 net profit estimates by 2%/4%
Key upside trigger: Production ramp up from KG basin from Q3FY25, removal of upstream cess
Shell signs new multi-year framework pact with company
Company to provide design & procurement services for Shell’s global assets
Source: Exchange Filing
The yield on the 10-year bond opened flat at 6.87%.
It closed at 6.88% on Monday.
Source: Bloomberg
Rupee strengthened by 2 paise to open at 83.95 against the US dollar.
It closed at 83.97 on Monday.
Source: Bloomberg
Gets 51 MW equipment supply order from Everrenew for project in Tamil Nadu
Source: Exchange Filing
Maintains 'buy' at target of Rs 350, implying 2.6% upside
Ministry of Petroleum and Natural Gas approves 20% premium price for domestic gas from new wells
New gas pricing regime to apply to 10% of ONGC's current gas production
New gas pricing regime to apply to 20-25% of production in 2-3 years
ONGC's gas price realizations could rise from $6.5 to $7.5 per million metric British Thermal Unit
Veefin Group acquires Nityo Tech to lead digital transformation in the BFSI sector
Nityo Tech is the India arm of Nityo Singapore
Source: Exchange Filing
Delhi HC declines to admit the PIL pertaining to allegations made on Axis Bank, group cos
Petition filed in HC alleges Axis Bank, group cos made undue profits by trading shares of co
Delhi HC Court disposes plea noting that the matter is under the consideration of concerned regulators
Source: Exchange Filing
Arm Reliance Energy incorporates new subsidiary Reliance Jai Properties
Source: Exchange Filing
Revenue up 11.2% at Rs 464 crore vs Rs 417 crore
EBIT down 8.1% at Rs 62.8 crore vs Rs 68.3 crore
Margin at 13.5% vs 16.4%
Net profit down 29.1% at Rs 51 crore vs Rs 71.9 crore
MSCI August Review: RVNL, Zydus Life, Vodafone Idea Among Seven Additions
US Dollar Index at 103.17.
US 10-year bond yield at 3.91%.
Brent crude down 0.50% at $81.89 per barrel.
Nymex crude down 0.54% at $79.63 per barrel.
GIFT Nifty was up 32.5, or 0.13% at 24,337.50 as of 7:08 a.m.
Bitcoin was up 1.45% at $59,709.58.
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Power Grid Corporation Inks Transmission System Deal In Rajasthan
Price band change from 20% to 10%: Sakuma Exports, SMS Lifesciences India.
Ex/record dividend: The Great Eastern Shipping Co., EIH Associated Hotels, Heritage Foods, Fine Organic Industries, Dhunseri Ventures, Bandhan Bank, S.J.S. Enterprises, Navneet Education, Lloyds Metals and Energy, IKIO Lighting.
Ex/record bonus: EIH Associated Hotels.
Ex/record rights: Orient Green Power.
Ex/record buyback: Navneet Education.
Ex/record AGM: RPSG Ventures, CESC, Heritage Foods, Fine Organics, Dhunseri Ventures, Bandhan Bank, Spencer Retail, S.J.S. Enterprises, Navneet Education, Lloyds Metals and Energy, IKIO Lighting.
Moved in short-term framework: Garware Hi-Tech Films, Kfin Technologies, Sakuma Exports, Suzlon Energy.
Moved out short-term framework: Kellton Tech Solutions.
Saregama India: Hill Fort India Fund LP sold 20.38 lakh shares (1.05%) at Rs 480.1 apiece and Amansa Holdings Pvt. bought 15.15 lakh shares (0.78%) at Rs 480 apiece.
DCW: Albula Investment Fund Ltd. bought 24.64 lakh shares (0.83%) at Rs 71.35 apiece and LTS Investment Fund sold 24.64 lakh shares (0.83%) at Rs 71.35 apiece.
Shanti Educational Initiatives: Legends Global Opportunities (Singapore) Pte. bought 6.7 lakh shares (0.41%) at Rs 150.05 apiece and LGOF Global Opportunities Ltd. sold 6.7 lakh shares (0.41%) at Rs 150.05 apiece.
Saraswati Saree Depot: The public issue was subscribed 4.37 times on day one. The bids were led by qualified institutional investors (1.19 times), non-institutional investors (12.62 times), and retail investors (5.39 times).
NMDC Q1 Result: Profit Rises 19%, Beats Estimates
JSW Steel To Buy 66.67% Economic Interest In M Res NSW For $120 Million
Vodafone Idea Q1 Results: Loss Lower Than Estimated
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